Parmeshwar Metal Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

02 Jan 2025

Close Date

06 Jan 2025

Allotment

07 Jan 2025

Listing Date

09 Jan 2025

Exchange

BSE SME

Price Band

₹61

Listing Price

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Allotment Status

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Price Band

₹61

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

40,56,000 shares (aggregating up to ₹24.74 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹122,000

1 lot

Pre-IPO Holding

1,12,50,000 shares

Promoters

Post-IPO Holding

1,53,06,000 shares

Promoters

P/E (Pre)

9.51x

P/E (Post)

9.55x

EPS (Pre)

₹6.42

EPS (Post)

₹6.39

UPI Deadline

2025-01-06

Mandate

Anchor AllotmentWed, 01 Jan 2025

Basis of AllotmentTue, 07 Jan 2025

Refund InitiationWed, 08 Jan 2025

Demat CreditWed, 08 Jan 2025

Listing DayThu, 09 Jan 2025

UPI Mandate Deadline2025-01-06

Sale TypeFresh Capital

Net Offer to Public38,50,000 shares (aggregating up to ₹23.49 Cr)

Market Maker Quota2,06,000 shares (aggregating up to ₹1.26 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Parmeshwar Metal Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 06 Jan 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	206,000	—	₹1.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,056,000	100%	₹24.74

IPO Shares Offered

Parmeshwar Metal Ltd IPO total issue size: ₹24.74 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	206,000	₹1.26	5.08%
Total	4,056,000	₹24.74	100.00%

* Based on upper price band ₹61 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹61.00

Upper Band

Min Investment

₹122,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹244,000
Retail (Max — 13 Lots)	13	26,000	₹1,586,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,708,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,296,000

* Issue Price ₹61 × Lot Size 2,000 shares

IPO Schedule

Anchor

01 Jan 2025

✓ Done

IPO Open

02 Jan 2025

✓ Done

IPO Close

06 Jan 2025

✓ Done

Allotment

07 Jan 2025

✓ Done

Refunds

08 Jan 2025

✓ Done

Demat Credit

08 Jan 2025

✓ Done

Listing Day

09 Jan 2025

✓ Done

₹61.00

INR · BSE

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Issue ₹61.00 Live Price

About Parmeshwar Metal Ltd

Incorporated in August 2016, Parmeshwar Metal Limited manufactures copper wire and rods by recycling copper scrap. The company's manufacturing unit is situated in Dehgam, Gujarat.The company is an ISO 9001:2015 certified business offering a product portfolio of 1.6 mm, 8 mm, and 12.5 mm copper wire rods, each tailored to meet customer specifications.The company's products are used in various industries such as power cables, building wires, transformers, the automotive industry, household cables as well as bare and enamelled wires.As of December 31, 2023 the company employees a total 89 Employees.Competitive StrengthExperienced Promoter and Management TeamStrong relationship with customersCustomized Product OfferingStrong and diversified supplier base for sourcing raw materials

Objects of the Issue

Setting up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire (“Proposed project”)

Funding of capital expenditure for Furnace renovation

To Meet Working Capital Requirements

General Corporate Purpose

Parmeshwar Metal Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹97,270.6

31 Mar 2023

₹110,246.4

31 Mar 2024

₹75,730.8

31 Oct 2024

Profit After Tax (PAT)

₹889.5

31 Mar 2023

₹721.9

31 Mar 2024

₹570.3

31 Oct 2024

Particulars	31 Oct 2024	31 Mar 2024	31 Mar 2023
Revenue from Operations	75730.83	110246.35	97270.61
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	570.29	721.93	889.53
Net Worth	4291.13	3720.83	2998.90
Total Assets	6732.67	7010.27	5412.42
Reserves & Surplus	3166.13	2970.83	2248.90
Borrowings	1468.99	2188.86	1660.02
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	0.66%	—	—

P/BV Ratio

1.84

RoE

21.49%

RoCE

17.51%

RoNW

19.40%

PAT Margin

0.66%

Debt/Equity

0.59

Issue Structure & Shareholding

Total Shares Offered40,56,000 (100.00%)

Net Offer to Public38,50,000 shares (aggregating up to ₹23.49 Cr)

Reserved for Market Maker2,06,000 shares (aggregating up to ₹1.26 Cr)

Pre-Issue Promoter Holding1,12,50,000 shares

Post-Issue Promoter Holding1,53,06,000 shares

P/BV Ratio1.84

RoE21.49%

RoCE17.51%

Debt / Equity0.59

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

parmeshwar.smeipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Parmeshwar Metal Ltd IPO subscribed? ▲

Parmeshwar Metal Ltd IPO is subscribed 1.00 times by Jan 06, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Parmeshwar Metal Ltd IPO retail subscription status? ▼

The Parmeshwar Metal Ltd IPO retail category is subscribed 1.00 times as of 06 Jan 2025. The retail portion is oversubscribed.

How to subscribe Parmeshwar Metal Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 02 Jan 2025 and closes 06 Jan 2025. Min investment: ₹122,000 (1 lot = 2,000 shares). UPI mandate: 2025-01-06.

How many times Parmeshwar Metal Ltd IPO subscribed? ▼

The Parmeshwar Metal Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Parmeshwar Metal Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Jan 2025. Refunds: on 08 Jan 2025.

When Parmeshwar Metal Ltd IPO will be listed? ▼

The Parmeshwar Metal Ltd IPO listing date is 09 Jan 2025, Thursday. Listed on: BSE SME. Issue price: ₹61. Estimated listing: ₹61. GMP: NIL.

When Parmeshwar Metal Ltd IPO close? ▼

The Parmeshwar Metal Ltd IPO closes on 06 Jan 2025, Monday. UPI mandate: 2025-01-06. Allotment: 07 Jan 2025. Listing: 09 Jan 2025.

Quick Actions

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Live Price LIVE

Last Price₹61.00

Change—

Issue Price₹61.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹61

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹122,000

GMPNIL

Est. Listing₹61

Subscribed1.00x

Open Date02 Jan 2025

Close Date06 Jan 2025

Allotment07 Jan 2025

Listing Date09 Jan 2025

ExchangeBSE SME

UPI Deadline2025-01-06